Tuesday, March 19, 2013

Brother, can you spare 200k?

Most serial stories follow a similar format. Lay out the premise, describe the dilemma, report the latest chapter, resolve the issue, and then repeat. It makes for a continuing story that keeps bringing people back. I, unfortunately never wanted to be in this place; I don't want to bring people back and I want this to end. Well, it's not over, but, it just took a giant step toward it.  Like 3 steps ahead.

Yesterday, we received a decision from the state Court of Appeals that the judgment debtor's appeal of an earlier decision to vacate his security bond and release the current money to us was denied. I, and my fellow plaintiffs, just picked up $95k in cash plus 2 pieces of real estate! I am not crazy about having dirt as now we have to sell it to realize the value of it. Sales around the compound are normally depressed even in the best of times and now to have another 2 hit the market won't help matters. But in the end, I don't care. After nearly 5 years of this nonsense, I am going to see some of my money back. In the meantime, the deadbeat still owes and additional $180k on top of that presently and I know he will drag that out for as long as possible, hence, the amount in today's subject line. I will have to alter the deadbeat meter to the the right of this article to reflect a more accurate appraisal of the situation and will do so after some further legal clarification.  This could, of course, be all for naught and we would have to return the money if he wins on appeal.  I don't worry about that, though, so will keep the money on the shelf until this is all over, but feel a whole hell of a lot better knowing it's back on my side of the table.   In the meantime, I am going to kick back and relax a bit.  It's been a long and winding road.  

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